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News
USD/CAD Price Analysis: Bull pennant breakout on 1H calls for further upside
Dhwani Mehta | 10/07/2020 03:18
WTI extends Thursday’s drop as virus cases rise
West Texas Intermediate (WTI) crude, a North American oil benchmark, dropped 0.40% to $39.58 during Friday’s Asian trading hours, extending Thursday’s10/07/2020 03:13
AUD/USD is off the lows, not out of the woods yet amid risk-off mood
Following a brief consolidative stint seen in the overnight trade, AUD/USD resumed its decline and fell as low as 0.6936 in the last hour before recov10/07/2020 02:55
EUR/USD Price Analysis: Euro is defending 200-hour SMA support
EUR/USD's pullback from 1.1371 to 1.1275 has weakened the immediate bull bias. The pair, however, is still holding above the 200-hour SMA. EUR/USD is10/07/2020 02:50
NZD/USD dips below 200-hour SMA on risk aversion
The NZD/USD pair is extending overnight losses with the US dollar continuing to draw haven bids amid losses in the equity markets. Currently, the pair10/07/2020 02:22
Coronavirus: Additional measures needed to cope with outbreaks in US – Goldman Sachs
Analysts at Goldman Sachs believe that the Trump administration should consider additional measures to combat the unstoppable coronavirus flare-ups in10/07/2020 02:19
PBOC sets Yuan reference rate at 6.9943
The People's Bank of China (PBOC) has set the yuan reference rate at 6.9943 versus Thursday's fix at 7.0085. 10/07/2020 02:16
Fed’s balance sheet sees largest weekly drop in over 11 years
The US Federal Reserve’s (Fed) balance sheet size declined by about $88 billion to $6.97 trillion in the week ended July 8, versus $7.06 trillion a w10/07/2020 01:53
Mnuchin: Unwilling to extend a boost to unemployment benefits
In a Thursday interview with CNBC, Mnuchin said that any extension of enhanced unemployment insurance would cap benefits at “no more than 100 percent”10/07/2020 01:51
USD/JPY bears in control in a risk-off setting
USD/JPY is a touch soft in the open of Tokyo, weighed by the prior bearish session which took the cross down from a high of 107.40 to 107.10. The US d10/07/2020 00:37
Other News
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USD/CNH Price Analysis: Seller exhaustion at three-month lows
Omkar Godbole | 10/07/2020 01:33
USD/CNH is sidelined in Asia, having printed three-month lows on Thursday. Thursday's Doji candle represents downtrend exhaustion and neutralizes imm
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Coronavirus claims Bolivia’s President and “second” in the line of Venezuela's regime victim
Ross J Burland | 10/07/2020 01:00
The America's are having a hard battle with the coronavirus. North America has taken up around 25% of the pandemic in global cases coronavirus cases h
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Japan Producer Price Index (MoM) above expectations (0.4%) in June: Actual (0.6%)
FXStreet Team | 09/07/2020 23:50
Japan Producer Price Index (MoM) above expectations (0.4%) in June: Actual (0.6%)
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Japan Producer Price Index (YoY) registered at -1.6% above expectations (-1.9%) in June
FXStreet Team | 09/07/2020 23:50
Japan Producer Price Index (YoY) registered at -1.6% above expectations (-1.9%) in June
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Gold Price Analysis: XAU/USD below structure, bearish bias persists
Ross J Burland | 10/07/2020 00:24
The price of gold has failed to convince in the $1,800s without a break above $1,820, so far. Gold's surge had weighed on the dollar, but we are seein
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AUD/USD: Bears lined-up for breakout below trendline support
Ross J Burland | 09/07/2020 22:46
AUD/USD is currently trading at 0.6961 between a range of 0.6958 and 0.6964 as bears chip away at the hourly trendline support below 0.7000. The pair
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New Zealand Electronic Card Retail Sales (MoM): 16.3% (June) vs previous 78.9%
FXStreet Team | 09/07/2020 22:45
New Zealand Electronic Card Retail Sales (MoM): 16.3% (June) vs previous 78.9%
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New Zealand Electronic Card Retail Sales (YoY) increased to 8% in June from previous -6%
FXStreet Team | 09/07/2020 22:45
New Zealand Electronic Card Retail Sales (YoY) increased to 8% in June from previous -6%
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Forex Today: Dollar picks up a safe haven bid over COVID-19 angst
Ross J Burland | 09/07/2020 21:51
Here is what you need to know for Friday the 10th July: The US dollar outperformed with relentlessly rising US COVID cases worrying investors to the p
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UK turns down EU coronavirus 'vaccine scheme' after ministers warned of 'costly delays' -The Telegraph
Ross J Burland | 09/07/2020 22:19
Reuters reported on the Telegraphs news that the British government has turned down an opportunity to join a European Union coronavirus "scheme" after
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COVID-19 update: Second waves yet to cause market distress
Ross J Burland | 09/07/2020 22:07
The US COVID-19 situation is spiralling out of control. Yesterday the number of new infections in the US exceeded 60K- a new one-day record. So far it
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GBP/USD Price Analysis: If the price falls further there is a good support at 1.2533
Rajan Dhall, MSTA | 09/07/2020 22:03
GBP/USD has held up better than most on Thursday as the greenback fights back. The market has been making higher highs and higher lows but the market
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US is said to plan action against France for taxing tech companies
Ross J Burland | 09/07/2020 21:41
US is said to plan action against France for taxing tech companies according to sources. US tariffs list said to possibly include $500-700 mln of Fren
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Wall Street Close: NASDAQ outpaces its comrades again
Ross J Burland | 09/07/2020 20:15
US benchmarks were mixed on Thursday, with the NASDAQ the sole survivor of growing pessimism surrounding the stark crisis that the US is facing pertai
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USD/JPY Price Analysis: The descending wedge formation on the hourly chart has been tested to the downside
Rajan Dhall, MSTA | 09/07/2020 21:10
USD/JPY has not been too volatile on Thursday as the pair has traded in a 34 pip range. The macro markets have been mixed as stocks struggled with the
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Gold Price Analysis: XAU/USD bears looking for some downside below $1,800 to 200-hour MA
Ross J Burland | 09/07/2020 21:07
The price of gold has been on the move on Thursday, taking on bullish commitments just below the psychological $1,800 level. We have seen a bearish sp
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EUR/USD Price Analysis: EUR/USD dips below 1.13 in a tough session for the single currency
Rajan Dhall, MSTA | 09/07/2020 20:17
EUR/USD has dipped on Thursday after performing well over the last couple of sessions. The market has been making higher highs and higher low waves re
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Oil: WTI tumbles more than 3%, remains under $40 at one-week lows
Matías Salord | 09/07/2020 20:00
Crude oil and equity prices tumbled during the American session, ending a period or relatively limited moves across financial markets. WTI fell from $
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Eurozone: Economic prospects have become more encouraging – Wells Fargo
Matías Salord | 09/07/2020 19:50
The prospects for the Eurozone economy have become more encouraging as COVID-19 case growth continues to stabilize and activity and confidence indicat
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EU's Donahoe: There is a will to reach agreement on EU recovery fund
Eren Sengezer | 09/07/2020 19:50
Irish Finance Minister and the new President of the Eurogroup, Paschal Donahoe, said that he believes there is a will to reach an agreement on the EU
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